Volkswagen AG took two raps in Australia on Friday as a federal court upheld a f...
) took two raps in Australia on Friday as a federal court upheld a fine on the German car maker as part of a global diesel emissions cheating scandal and a regulator started penalty proceedings against one of its financial units.The court fined Volkswagen a record A$125 million for breaching Australian consumer law by making false representations about compliance with the country’s diesel emissions standards.
ACCC Chair Rod Sims told reporters on Friday that the fine imposed on Volkswagen was just a taste of what companies could expect in the future. ASIC alleges that the unit, which operates nationally to provide borrowers with consumer loans to purchase new and used cars, did not make required inquiries into borrowers’ living expenses or if the loans were unsuitable for them.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Australia fines Volkswagen record $86 million for emissions breach: regulatorAustralia's competition regulator said the federal court has penalized Volk...
Leer más »
Elizabeth Warren’s One-Two Punch for Conquering WashingtonThe policy-oriented senator has at least a good start on a plan for enacting her plans.
Leer más »
JPMorgan metals traders under Singapore scrutiny, two more depart: sourcesRegulatory scrutiny of precious metals trading at JPMorgan Chase & Co., one of t...
Leer más »
Bushfires surround Sydney as Australia's NSW state declares emergencyAustralia's most populous state declared its second emergency in as many mo...
Leer más »
Ring of fire: Australian state declares emergency as wildfires approach SydneyRing of fire: Australian state declares emergency as wildfires approach Sydney. More here:
Leer más »
Resident at assisted-living complex guns down 1, injures 2 before killing himself in Rhode IslandA 66-year-old resident of an assisted-living complex shot and killed one person and wounded two others before taking his own life Thursday morning.
Leer más »